China’s Provincial Economies Fall Off the Pace in First Nine Months

In the first nine months, just 11 out of 31 provincial-level regions on the Chinese mainland saw their year-on-year GDP growth outperform that of the first half, data from local authorities showed, as the world’s second-largest economy struggles to build momentum for its post-pandemic recovery.

The Tibet autonomous region and island province Hainan logged year-on-year growth of 9.8% and 9.5%, respectively, in the first three quarters of 2023, marking the fastest economic expansion among all provincial-level regions, official statistics showed.